Red Range is a quiet locality in New South Wales within the Glen Innes Severn local government area (postcode 2370). With a population of 247, the suburb has a mature demographic with a median age of 45. Households earn a median income of $72K per year, with an average household size of 2.4 people. The most common occupations are managers, technicians & trades, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Red Range is $274,000, having dropped significantly 23.9% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 7.2%. The median monthly mortgage repayment is $1,187.
Red Range is served by 1 school, including 1 primary. The average ICSEA score is 858, which is well below the national average of 1,000. Public transport access includes 23 bus stops. The crime rate in the Glen Innes Severn LGA is moderate at 4,723 incidents per 100,000 population.
From an investment perspective, Red Range offers a gross rental yield of 7.2%, rated as high yield. Property prices sit below the state median ($274K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.8x is considered affordable. House prices have moved -23.9% year-on-year.
Red Range is a quiet locality in New South Wales within the Glen Innes Severn local government area (postcode 2370). With a population of 247, the suburb has a mature demographic with a median age of 45. Households earn a median income of $72K per year, with an average household size of 2.4 people. The most common occupations are managers, technicians & trades, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Red Range is $274,000, having dropped significantly 23.9% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 7.2%. The median monthly mortgage repayment is $1,187.
Red Range is served by 1 school, including 1 primary. The average ICSEA score is 858, which is well below the national average of 1,000. Public transport access includes 23 bus stops. The crime rate in the Glen Innes Severn LGA is moderate at 4,723 incidents per 100,000 population.
From an investment perspective, Red Range offers a gross rental yield of 7.2%, rated as high yield. Property prices sit below the state median ($274K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.8x is considered affordable. House prices have moved -23.9% year-on-year.